Revenue Assurance Market

Revenue Assurance Market Overview (2023 to 2033)

The newly released revenue assurance market analysis report by Future Market Insights shows that global sales of the revenue assurance market in 2022 were held at USD 603.2 million. With 8.5% projected growth, the market from 2023 to 2033 is expected to reach a valuation of USD 1479.9 million by 2033.

Software is expected to be the highest revenue-generating category, projected to register a cumulative annual growth rate of 7.4% between 2023 and 2033.

In recent years, despite growing recognition of the importance of revenue assurance, service providers have frequently faced revenue leakage issues as new access and service delivery technologies are implemented, along with the ongoing product evolution. A lack of transparency is one of the possible sources of lost sales that inhibits a firm's capacity to enact effective risk-reduction strategies.

Revenue assurance solutions can help companies identify and prioritize risk factors, allowing them to develop and implement effective policies, processes, and controls to reduce revenue loss and improve financial performance.

Attributes	Details
Global Revenue Assurance Market Size (2023)	USD 654.5 million
Global Revenue Assurance Market Size (2033)	USD 1479.9 million
Global Revenue Assurance Market CAGR (2023 to 2033)	8.5%
U.S. Revenue Assurance Market Size (2033)	USD 452 million

Revenue of the Revenue Assurance Market from 2018 to 2022 Compared to Demand Outlook for 2023 to 2033

According to research by Future Market Insights, the revenue assurance market experienced an approximate 8% CAGR increase in its market value from 2018 to 2022.

During the forecast period, demand for revenue assurance software and services is expected to increase as consumers become aware of the serious consequences of revenue leaks. Further, the market for revenue assurance is expanding, with the aim of maintaining that everything that should be paid and billed on time across all revenue and expense streams. Also, the demand growth should pick up in the coming months.

Technological developments are highly probable to provide possibilities for the market during the forecast period. Cloud, 4G, and 5G, Internet - of - things, and Software-defined networking and network functions virtualization technologies enable operators to launch new business models and services. However, they also allow for the emergence of new instances of fraud.

Traditional systems are incapable of dealing with the complexities of today's mobile environment, resulting in revenue loss and profit erosion. In the coming years, market growth is projected to be boosted by the introduction of innovative techniques and processes such as real-time revenue assurance.

Factors Propelling Revenue Assurance Demand

Technologically advanced revenue assurance systems help businesses improve and automate traditional revenue assurance detection and monitoring processes while the primary goal of any revenue assurance services is to detect and prevent revenue leakage. These systems also detect and prevent fraud and data inconsistencies.

Product and service-based businesses face a variety of challenges and issues, ranging from expanding their client base in saturated markets to managing a significantly growing base in developing markets. Multiple vendor markets are also highly competitive, necessitating ongoing innovation and technological development to maintain a competitive advantage.

All of these scenarios increase a company's vulnerability to revenue loss and necessarily entail the inclusion of effective revenue assurance methods in their overall revenue management strategy.

Recently, the Nigerian Communications Commission signed a Public-Private Partnership agreement with its consultant, 3R Company Nigeria Limited, to implement Revenue Assurance Solutions in the Nigerian telecommunications industry to strengthen and manage revenue generation.

Implementing Revenue Assurance Solutions might improve the monitoring and regulatory activities related to AOL administration in the telecommunications industry, as well as the integrity and fidelity of the industry's AOL figures.

Region-wise Analysis

North America Region is Projected to Offer the Key Opportunity for Revenue Assurance Market

North America is the leading region with the high projected growth due to the presence of key internet and communication service providers. North America is a pioneer in terms of significant investment in and adoption of cutting-edge technologies.

According to the GSM Association's Mobile Economy 2020 report, by the end of 2025, around 48% of telecom subscribers are poised to use 5G technology.

According to the report, the region's IoT connections totaled 3 billion in 2020 and is expected to reach 5.4 billion by 2025. The region's financial stability opens up numerous opportunities for new investments and increased adoption of cutting-edge IoT devices. With these, the demand for revenue assurance is also expected to surge at a notable pace in the region. North America is projected to hold a 51% share of the global revenue assurance market.

Country-wise Analysis

Country Lies at the CenterStage for Revenue Assurance Market Revenue

The United States is expected to account for the high market share of USD 452 million by the end of 2033. Technological advancements and an increase in the number of revenue-generating activities across organizations are the key drivers of growth.

In May 2022, MYCOM OSI, the United Kingdom-based provider of cloud network and service assurance solutions to global telecommunications service providers, agreed to be acquired by Amdocs. Amdocs' internet backbone portfolio is anticipated to be expanded to include end-to-end revenue assurance systems and service and network orchestration by bringing key assurance capabilities to power the next generation of networks.

MYCOM OSI's service assurance suite includes performance monitoring, error checking, and quality of service management tools that use artificial intelligence and machine learning to detect and predict discrepancies and enable intent-driven closed-loop operations via automated remediation and AIOps. The United States is predicted to expand at a CAGR of 8.6% over the coming decades.

Category-wise Insights

Software Revenue Assurance Segment is Projected to Witness Significant Growth among Revenue Assurance Component Type

The software segment is forecasted to expand at a high CAGR of over 7.6% from 2023 to 2033. The software segment is dominant as it is widely used across industries.

Some of the software features that can help segment growth include revenue risk identification, revenue growth, overall monitoring, and accurate reporting.

The service segment also includes planning and consulting, execution and personalization, maintenance, and support, and managed services. Also, the successful implementation of revenue leakage security software and services has resulted in large revenue assurance market growth.

Revenue assurance teams understand that if billing processes do not reflect contract pricing structures, margins suffer immediately. Artificial intelligence technology identifies revenue leakage sources and eliminates the causes of actual revenue loss.

Human-led data reconciliation operations make timely verification and investigation of revenue leakage difficult with thousands of contracts to check, vast amounts of data involved, data quality issues, and manual processes. Control of demand fluctuations is not easy. However, with the usage of appropriate revenue assurance software, data processes can be improved which can reduce revenue leakage.

Cloud-based Product Type of Revenue Assurance is Expected to Score High Growth in the Coming Years

The demand for cloud-based revenue assurance solutions is forecasted to thrive at a notable CAGR of over 7.7% from 2023 to 2033. The on-premise segment accounts for a significant revenue assurance market share due to great security, total control over the hardware, and great customization.

A flexible deployment model is required for the widespread adoption of revenue assurance technologies such as 5G, Internet of Things, AI, AI Learning, and augmented and virtual reality, among others. Also, the demand for technically sophisticated software and techniques is growing across all industries as a result of increased digitalization.

Competitive Analysis

The leading revenue assurance vendors in the global revenue assurance industry are Amdocs, Araxxe Inc., Adapt IT, Cartesian, and Digital Route. To gain a competitive advantage in the industry, these market players are investing in product launches, partnerships, mergers and acquisitions, and expansions.

Several new companies are expected to enter the market due to the growing demand for the product around the world. This is expected to increase competition on a worldwide scale.

Market growth is expected to be fueled by collaborations among current players to improve quality throughout the research period. Over the projection period, established market players are expected to diversify their portfolios and offer one-stop solutions to combat fierce competition.

Some of the recent activities related to mergers and acquisitions and software developments are as follows:

• In January 2020, Subex expanded its collaboration with Jawwal, Palestine's leading mobile network provider. The collaboration's goal was to get an update on the current versions of ROC Revenue Assurance and ROC Fraud Prevention.
• In June 2021, Bahrain's National Broadband Network (billionET) chose Mobileum's Active Intelligence Platform, for risk management. As a part of its vision of creating a shrinking digital communications infrastructure, billionET might deploy RAID, the recent update of Mobileum's revenue assurance solution. Mobileum's Revenue Assurance solution, which will use its next-generation automated system to ensure that facilities are correctly billed and collected, will benefit billionET.

• In February 2022, Subex announced a partnership with Ethiopian telecom operator Ethio Telecom to provide its Business Assurance solution on HyperSense, its Enterprise AI platform. Ethio Telecom might enlarge its revenue assurance practice into Business Assurance by leveraging the solution's simple control-building framework which will improve decision-making by leveraging the platform's ability to operationalize AI at scale. Ethio Telecom, which has over 50 million subscribers in Ethiopia, is upgrading its mobile network infrastructure and systems in anticipation of the launch of 5G networks next year.
• Subex, a telecom analytics solution company, has been granted a five-year contract with inwi, a significant Moroccan telecom operator, to transform its current Revenue Assurance and Fraud Management (RAFM) system. The purpose is to HyperSense Business Assurance and Fraud Management, involving Managed Services support, in June 2023.
• The Posts and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) revealed initiatives to track telecommunications networks for revenue assurance reasons in June 2022, implying that the current system, in which providers report their profits, may no longer be sufficient.

Report Scope

Report Attributes	Details
Global Revenue Assurance Market CAGR (2023 to 2033)	8.5%
Base Year for Estimation	2022
Historical Data	2018 to 2022
Forecast Period	2023 to 2033
Global Revenue Assurance Market Size (2023)	USD 654.5 million
Global Revenue Assurance Market Size (2033)	USD 1479.9 million
Quantitative Units	Revenue in USD million and CAGR from 2023 to 2033
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered	Solution, Application, Region
Regions Covered	North America; Latin America; Western Europe; Eastern Europe; South Asia & Pacific; East Asia; The Middle East & Africa (MEA)
Key Countries Profiled	The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Poland, Russia, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC Countries, South Africa, Israel
Key Companies Covered	Amdocs; Araxxe Inc.; Adapt IT; Cartesian; Digital Route; eClerx; HPE; Itron; Nokia; Profit Insight; Sagacity Solutions; Sandvine; Sigos; Subex
Customization	Available Upon Request

Market Segments Covered in Revenue Assurance Market Analysis

By Component:

• Software
• Services
  • Revenue Assurance Planning and Consulting Services
  • Revenue Assurance Implementation and Customization Services
  • Revenue Assurance Support and Maintenance Services
  • Revenue Assurance Managed Services

By Deployment Mode:

• Cloud-based Revenue Assurance
• On-premises-based Revenue Assurance

By End-User:

• TSPs
• Enterprises

By Vertical:

• Telecom
• Utilities
• BFSI
• Hospitality
• Others

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• South Asia & Pacific
• East Asia
• The Middle East & Africa (MEA)

Frequently Asked Questions

What is the Current Market Valuation?

The market is estimated to secure a valuation of USD 654.5 million in 2023.

What is the Growth Forecast for the Revenue Assurance Market?

The market is estimated to register a CAGR of 8.5% through 2033.

What is the Expected United States Market Value by 2033?

The expected value of the United States market is USD 452 million by 2033.

What will be the Market Value in 2033?

The market is projected to grow to USD 1479.9 million in 2033.

Which is the Key Segment by Component?

The software segment is likely to remain preferred through 2033.